Founded in Argentina, El Sitio was considered one of the principal Spanish language internet companies of the late 1990s dot-com boom.
During the .com bust of the 90s, El Sitio lost almost all of its market value on Nasdaq.
[citation needed] In 2001, El Sitio was merged with Ibero-American Media Partners II Ltd. to create Claxson Interactive Group Inc. (OTC BB: XSON) As of late 2005, Venezuelan media group Cisneros owned 44.8% of Claxson and Dallas-based private equity fund Hicks, Muse, Tate & Furst held 35.2%.
This article about an IT-related or software-related company or corporation is a stub.
You can help Wikipedia by expanding it.This Argentina corporation or company article is a stub.